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CEO Balaji Srinivasan speaks onstage during TechCrunch Disrupt SF 2017. Photo: Steve Jennings/Getty Images for TechCrunch

Coinbase is acquiring Earn.com, a paid inbox service formerly known as 21 inc., with CEO Balaji Srinivasan joining as chief technology officer, confirming Axios's earlier reporting.

Bottom line: Coinbase is gaining a well-known figure in Silicon Valley and digital currencies as its CTO, while Earn.com, which began as a bitcoin mining company in 2013, gains stability as part of a larger company.

Details: The company declined to comment on the deal, but a source tells Axios that total value (cash and stock) returned to Earn.com shareholders is north of the $120 million it raised in total VC money.

Chief evangelist: While Srinivasan's new title is CTO, his role will be more akin to an evangelist for the company and cryptocurrencies in general, though he'll fully be part of Coinbase's leadership team. The company's engineering teams will continue to report to chief product officer Jeremy Henrickson.

Go deeper

Activision Blizzard employees say HR department failed them

Illustration: Sarah Grillo/Axios

Following a lawsuit filed by California against Activision Blizzard, allegations of harassment, misconduct, and assault continue to emerge from people who point to the company's HR department as being part of the larger problem.

Why it matters: Sources say the company's culture favors a clan mentality and functioned under a broken HR department that undermined and discounted victims' experiences, and did not protect their identities.

Andrew Cuomo refuses to resign: "I never touched anyone inappropriately"

New York Gov. Andrew Cuomo announced on Tuesday that he will not resign from his post, despite an independent investigation finding that he sexually harassed multiple women in violation of federal and state law.

Why it matters: Cuomo had previously urged those calling for his resignation — including nearly every prominent New York Democrat — to wait for the results of the investigation overseen by New York Attorney General Letitia James. The findings were damning, but Cuomo said he is not going anywhere.

Miriam Kramer, author of Space
3 hours ago - Science

Boeing is getting its do-over

Boeing's Starliner awaits its launch atop an Atlas V rocket. Photo: NASA/Joel Kowsky

Boeing is set to launch a redo of an uncrewed test of its Starliner spacecraft — designed to one day carry astronauts — to the International Space Station this week.

Why it matters: This is a high-stakes test for Boeing, which failed to get its Starliner to the station during its first uncrewed test flight in December 2019.